Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Up 47.2% in March

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 637,000 shares, a growth of 47.2% from the February 28th total of 432,600 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 574,900 shares, the short-interest ratio is currently 1.1 days.

Sportsman’s Warehouse Trading Up 0.3 %

Shares of SPWH stock traded up $0.00 on Tuesday, hitting $1.00. The stock had a trading volume of 133,246 shares, compared to its average volume of 519,976. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $4.44. The company has a fifty day moving average price of $1.55 and a two-hundred day moving average price of $2.18. The firm has a market cap of $37.84 million, a P/E ratio of -1.14 and a beta of 0.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWH. Union Square Park Capital Management LLC grew its position in shares of Sportsman’s Warehouse by 15.0% in the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company’s stock valued at $4,489,000 after purchasing an additional 219,210 shares during the period. Soviero Asset Management LP acquired a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $668,000. Squarepoint Ops LLC increased its position in shares of Sportsman’s Warehouse by 225.0% during the fourth quarter. Squarepoint Ops LLC now owns 165,178 shares of the company’s stock worth $441,000 after acquiring an additional 114,353 shares in the last quarter. Two Sigma Advisers LP bought a new position in Sportsman’s Warehouse during the 4th quarter worth about $501,000. Finally, Two Sigma Investments LP acquired a new position in Sportsman’s Warehouse during the 4th quarter worth approximately $716,000. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $2.00 to $4.00 in a research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.